American Eagle Outfitters, Inc. (NYSE:AEO) Receives $26.00 Average Price Target from Analysts

American Eagle Outfitters, Inc. (NYSE:AEO) has been assigned an average rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $26.00.

A number of analysts have weighed in on the company. Morgan Stanley lowered their target price on American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Thursday, May 30th. Telsey Advisory Group restated a “market perform” rating and set a $25.00 price objective on shares of American Eagle Outfitters in a research note on Thursday, August 29th. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. TD Cowen decreased their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Finally, UBS Group cut their price objective on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, August 30th.

American Eagle Outfitters Price Performance

NYSE:AEO opened at $19.33 on Tuesday. American Eagle Outfitters has a 1-year low of $14.39 and a 1-year high of $26.44. The company has a 50-day moving average of $20.74 and a 200 day moving average of $22.21. The firm has a market cap of $3.80 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 0.94 and a beta of 1.50.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the business posted $0.25 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Sell-side analysts anticipate that American Eagle Outfitters will post 1.78 EPS for the current fiscal year.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $20.93, for a total transaction of $53,936.61. The transaction was disclosed in a filing with the SEC, which is available at this link. 7.30% of the stock is currently owned by insiders.

Institutional Trading of American Eagle Outfitters

Large investors have recently added to or reduced their stakes in the company. Truist Financial Corp acquired a new stake in shares of American Eagle Outfitters during the fourth quarter worth about $537,000. Victory Capital Management Inc. lifted its stake in American Eagle Outfitters by 53.0% during the 4th quarter. Victory Capital Management Inc. now owns 81,684 shares of the apparel retailer’s stock valued at $1,728,000 after acquiring an additional 28,282 shares during the period. Natixis Advisors L.P. boosted its holdings in shares of American Eagle Outfitters by 63.9% in the 4th quarter. Natixis Advisors L.P. now owns 35,224 shares of the apparel retailer’s stock valued at $745,000 after acquiring an additional 13,736 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of American Eagle Outfitters by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,886,613 shares of the apparel retailer’s stock worth $61,081,000 after acquiring an additional 44,375 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of American Eagle Outfitters by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,003,990 shares of the apparel retailer’s stock worth $232,846,000 after purchasing an additional 284,965 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.